Japan’s Inpex has signalled that it expects to book impairment charges for 2015 on account of lower oil prices. The… Read More
A New Orleans federal judge granted final approval late on Monday to an arrangement that will see the US upstream… Read More
Gas Plus Khalakan (GPK) announced the completion of the Shewashan-2 development well on Tuesday, having drilled it to 2,768 m.… Read More
Shell has abandoned its plans to see Norway’s latest bid round through, the company said on Monday, withdrawing its application.… Read More
Schlumberger has completed the acquisition of Cameron International, a flow equipment manufacturer based out of the US, the oilfield services… Read More
Lukoil reported a 26% drop in full-year income on Monday. Russia’s second-largest producer earned a net income of around USD… Read More
Brazil’s oil major Petrobras over the weekend confirmed its intention to shed as many as 12,000 jobs in an effort… Read More
Oilfield services major Baker Hughes released its monthly rig count report over the weekend, noting further drop in the number… Read More
Iraqi Prime Minister Haider Al Abadi over the weekend ordered an investigation into allegations of corruption involving senior Iraqi officials,… Read More
BP and China National Petroleum Corporation (CNPC) have teamed up for an unconventional gas project in China, the two companies… Read More
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